Author Topic: Inflation Is Under Control, Aside From All This Inflation  (Read 2179 times)

rcjordan

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #15 on: May 11, 2021, 12:58:33 PM »
> galvanized steel studs

What happened was that steel was depressed and lumber skyrocketed, so for a brief period costs were pretty close.  Locally, we had at least one builder switch.  I rode by the job sites to watch.  BUT assembly was slow.  Tools & fasteners were different.  Hanging sheathing & drywall was a PITA.

I think that 3d printed houses might get a foothold now.
« Last Edit: May 11, 2021, 01:00:25 PM by rcjordan »

ergophobe

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #16 on: May 11, 2021, 02:47:15 PM »
SIPS require a fraction of the lumber. If the SIP factories can get their hands on enough OSB, maybe they'll finally take off.

Brad

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #17 on: May 11, 2021, 07:52:23 PM »
> galvanized steel studs

I heard radio reception was bad inside.  I don't think cell phones were around then.

> SIPS

SIPS are great.  The problem with OSB, manufactured wood joists and hundreds of other newfangled building materials is they are made from the waste of the lumber industry and you have to be actually producing lumber to get lumber waste products.

ergophobe

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #18 on: May 14, 2021, 01:28:28 AM »
Quote
By far the biggest factor behind the acceleration relates to the past, rather than the price pressures of today, as last year’s oil-price falls depressed the base used to calculate the annual rate. Yet even the monthly increase, stripped of more volatile food and energy prices, was 0.9%, the strongest since the 1980s. Data for a single month cannot tell you whether runaway inflation is around the corner. But the release says something about the realities of economic reopening.
https://www.economist.com/finance-and-economics/2021/05/13/consumer-price-inflation-in-america-jumps-up-to-42

rcjordan

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #19 on: May 14, 2021, 12:45:56 PM »
> 0.9%

Debbie says pucker up.

rcjordan

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #20 on: May 19, 2021, 06:10:48 PM »
Lumber prices fall for an 8th straight day, deepening a roughly 30% pullback | Markets Insider

https://markets.businessinsider.com/news/stocks/lumber-prices-fall-for-8th-straight-day-deepening-pullback-2021-5-1030447627

rcjordan

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #21 on: June 09, 2021, 11:41:46 PM »
Hot inflation may have become scorching in May and is expected to hit a 28-year high

https://www.cnbc.com/2021/06/09/hot-inflation-became-scorching-in-may-and-is-expected-to-hit-a-28-year-high.html

Drastic

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #22 on: June 14, 2021, 10:08:58 PM »
JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay

https://www.cnbc.com/2021/06/14/jamie-dimon-jpmorgan-is-hoarding-cash-because-very-good-chance-inflation-here-to-stay.html

ergophobe

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #23 on: June 14, 2021, 10:45:12 PM »
Are you hoarding cash?

What qualifies as hoarding cash for an individual?

How about this as a criteria: I think a "good" emergency fund is six months of living expenses. I think a conservative emergency fund is about 12-18 months living expenses. Anything beyond that is hoarding cash.

Anyway, other than cash, it seems like current options are:

 - very low-paying safe investments (CDs, bonds, etc)

 - stocks, which seem sky high, but I've felt that before and mostly was wrong

 - real estate - which will be in for a huge correction if interest rates rise

 - et cetera

And of course, there's always Bitcoin as long as you want Elon Musk to be in control of your investment ;-)
https://www.forbes.com/sites/billybambrough/2021/06/13/move-over-dogecoin-tesla-billionaire-elon-musk-has-suddenly-sent-the-bitcoin-price-sharpy-higher/
« Last Edit: June 14, 2021, 10:51:34 PM by ergophobe »

rcjordan

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Re: Inflation Is Under Control, Aside From All This Inflation
« Reply #24 on: June 14, 2021, 11:22:20 PM »
>are you hoarding?

Yes, definitely.  I have several years of living expenses sitting in 1 checking & 1 savings account and another 6 months worth in a CD.  As I liquidated some business interests, I just didn't have anywhere to put it that I felt was solid enough for an elders' retirement account.  I had no faith in the stock market, though that has proven to be wrong.